Plans have now been confirmed for the construction of a new hotel on the north side of Colorado Springs.
The four-story project will go up on a 43-acre site near the intersection of InterQuest Parkway and Voyager Parkway in a section of the city that in recent years has witnessed unprecedented residential and commercial growth.
The 119-room hotel will be branded as a Hyatt Place, one of the line of hotels belonging to the Hyatt Hotels Corporation, and generally regarded as a mid-tier line known for its large hotel rooms.
As planned, the hotel will include a fitness center, dedicated work spaces, and up to 5,000 square feet of meeting space.
Last year the Hyatt Hotels Corporation announced plans to build sixteen new Hyatt Place hotels in the West, with a particular focus on California.
Besides California, the largest number of Hyatt Hotels in the West are located in Colorado, with a current total of ten such properties.
Projects documents have now been submitted to the city by the private equity firm Mission Hill Capital of Colorado Springs.
Work on the new hotel is expected to begin early next year with a general completion date in the third quarter of 2021.
By Garry Boulard